Next week in the Canadian business world, there are several key events to keep an eye on that could impact the economy and various sectors. Here are five things to watch out for:
1. Inflation: Statistics Canada will be releasing its consumer price index for September, which will provide insight into the latest reading for inflation. The annual inflation rate slowed to two per cent in August, and this report will be crucial before the Bank of Canada’s interest rate decision on Oct. 23.
2. Home Sales: The Canadian Real Estate Association is expected to release its home sales figures for September, along with an updated forecast. Despite borrowing costs starting to decrease, the number of homes sold in August fell compared to the previous year.
3. Housing Starts: Canada Mortgage and Housing Corp. will be releasing its monthly report on housing starts, which has become a significant issue as policymakers address the housing crisis. In August, the annual pace of housing starts slowed by 22 per cent compared to July.
4. Other Data Points: Statistics Canada will be providing figures for wholesale trade in August on Tuesday, followed by the agency’s monthly survey of manufacturing for the same month on Wednesday. These reports will shed light on how the economy performed in the third quarter.
5. Ford Speech: Ontario Premier Doug Ford will be delivering a speech at the Empire Club of Canada on Thursday, focusing on the province’s economic rebuilding efforts. This speech will provide valuable insights into the government’s initiatives to stimulate the economy.
These events will be important indicators of the current state of the Canadian economy and business landscape. Stay tuned for updates on these key developments in the coming week.
